150 E 55th St

Summary: Coveting an attractive investment opportunity, this package consists of three buildings featuring 9 free-market units, 6 rent-stabilized units, and 1 commercial space. The properties currently maintain a solid 6.41% cap rate with a GRM of 15.58.

Prime Location: Nestled in the vibrant and sought-after East Flatbush neighborhood of Brooklyn, these multi family properties represents a prime investment opportunity. East Flatbush is renowned for its historic charm, cultural richness, and proximity to downtown Brooklyn and Manhattan, making it a highly desirable location for both residents and investors.

Appreciation Potential: East Flatbush has witnessed significant property value appreciation in recent years. Completing this project offers the opportunity to capitalize on the neighborhood's growth and the increasing demand for quality housing options.

Excellent Connectivity: Situated in East Flatbush, these properties offer excellent connectivity to subway access, simplifying residents' commutes to Manhattan and various Brooklyn destinations. Convenient transportation options, such as the 3 train at Sutter Ave (0.73 miles) and Saratoga Ave (0.73 miles), further enhance the property's appeal, making it an attractive option for potential tenants or buyers. This prime location amplifies the property's desirability and market potential.

Proximity to Amenities: Residents will enjoy easy access to local amenities, including shops, restaurants, parks, and colleges. These properties are located near from Medgar Evers College, Brooklyn College, and St. Joseph's College, Brooklyn. Enjoy leisure at Betsy Head Memorial Playground, only 1.2 miles away, and the convenience of St. John's Park, a quick 5-minute drive from 150 E 55th St. When it comes to everyday needs, near these properties, you'll find the Caribbean Supermarket, Rutland Pharmacy, and popular dining options like KFC, Wendy's, and McDonald's nearby. Sports enthusiasts will appreciate the proximity to Lincoln Terrace Park Tennis Courts and Lincoln Terrace Baseball Court. These properties offer a well-rounded lifestyle, with education, recreation, and everyday conveniences right at your doorstep, making them an attractive choice for buyers.